Regional economies

One of the Government's central objectives is to raise the rate of sustainable growth and to ensure better living standards and security for every person in the UK. The Government contributes toward this vision through the regional economic performance PSA, which seeks to increase the growth rates in every region whilst also narrowing the gap in growth rates between regions over the economic cycle. To make progress towards this target, HM Treasury is working closely with other Government Department, and with Regional Development Agencies and other regional and local partners. In Scotland, Wales and Northern Ireland the Government works with the devolved administrations to promote economic prosperity for all parts of the UK.